GST reset: Centre to keep tabs on key items’ prices
Keeping a Close Watch: India’s GST Overhaul and Price Stability The Goods and Services Tax (GST), India’s most ambitious indirect tax reform, is undergoing a ...
GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more
The GST Council has approved a new 40% tax slab for sin and luxury goods, set to replace the existing cess. While the implementation date ...
GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22
Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September ...
GST council meeting underway: What will become cheaper & dearer after GST slab changes? Top things to expect
The 56th GST Council meeting, presided over by Nirmala Sitharaman, is set to introduce significant changes to India’s indirect taxation framework. The council is considering ...
GST revamp: Council meet to weigh big rate rejig; 5% EV tax as opposition states push hard on revenue loss
The Centre is advocating for a 5% GST on electric vehicles as part of a broader tax overhaul, aiming to simplify the GST structure to ...
GST 2.0: States projected to gain Rs 14.1 lakh crore from revenues; SBI Research backs rationalisation
SBI Research projects states will be net gainers under the GST rate overhaul, with collections exceeding Rs 14.10 lakh crore this fiscal. While past rate ...
GST rate cuts coming soon! Goods and Services Tax Council to meet for 2-day session starting Sept 3; two-slab structure in works
The GST Council is set to meet on September 3rd to discuss proposed GST rate rationalization. A Group of Ministers has endorsed a simplified structure ...
GST revamp on track: GoM backs Centre’s two-slab plan; accepts scrapping 2% and 28% rates
A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% ...
GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of ...
GST revamp: Centre, states equal stakeholders! Govt clarifies concerns over impact on state revenues
The Centre is proposing a two-slab ‘Next Gen GST’ structure, sparking revenue concerns. Government sources clarify that the Centre and states share revenue equally, anticipating ...
